Cryptocurrency Analysis and News Portal
Most listed companies already include cybersecurity risks in their investor documents, but, until now, the SEC did not mandate any disclosures from them. Public companies and foreign private issuers must also must describe how their board oversees cybersecurity risks and detail "management’s role and expertise in assessing and managing material
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Paul Grewal, chief legal officer of United States-based cryptocurrency firm Coinbase, has pushed back against a proposed rule change from the Securities and Exchange Commission (SEC) which could change the definition of an exchange and how digital assets are regulated.In a June 14 Twitter thread, Grewal said the SEC proposal
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Lawmakers recently called for the Bill to take effect within two months. Source
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The existing approach, accounting for crypto as so-called indefinite-lived intangible assets, only focuses on the assets dropping in value. According to the board’s proposal, it “does not reflect the underlying economics of those assets and does not provide decision-useful information.” Original Source
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The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse. With Silvergate Bank, Silicon Valley Bank and
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“Article 30, as currently drafted, goes a step too far in addressing the issues raised by immutability,” Thibault Schrepel, an associate professor at VU Amsterdam University, tweeted ahead of the vote. “It endangers smart contracts to an extent that no one can predict.” Original Source
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Many users on social media have been lambasting decentralized exchange dYdX over the identification verification process to receive a sign up and deposit bonus of $25.In a Wednesday blog post, dYdX announced that new users who deposited 500 USD Coin (USDC) for their first transactions could receive a bonus promotion
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Self-proclaimed creator of Bitcoin (BTC) Craig Wright wants to challenge a recent court order requiring him to pay 500,000 Bitcoins to the Kleiman estate.Reinhardt did not have power to enter the order, Wright saysOn Aug. 30, Wright’s attorney Andres Rivero filed a document with the United States District Court
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